Economics

This channel highlights factors that impact hospital and healthcare economics and revenue. This includes news on healthcare policies, reimbursement, marketing, business plans, mergers and acquisitions, supply chain, salaries, staffing, and the implementation of a cost-effective environment for patients and providers.

athenahealth to acquire population management tools developer

Athenahealth will acquire Healthcare Data Services, which develops data analysis and population management tools to providers and payers, in a transaction expected to close in October.

WellPoint patient-centered medical homes make cost, quality progress

Several patient-centered medical home pilot programs using payment incentives to encourage care coordination, preventive care and shared decision-making are making progress toward their cost and quality objectives.

Hospital fined $1 million for past breaches, faces two years of scrutiny

Texas health regulators have slapped Parkland Health & Hospital System with a $1 million fine, the payment of which will let the Dallas institution off the hook for serious compliance failures that took place before May 31 of this year.

WEDI adjusts ICD-10 timeline to new compliance deadline

The Workgroup for Electronic Data Interchange (WEDI) issued an updated ICD-10 implementation timeline to account for the U.S. Department of Health and Human Services recent decision to extend the ICD-10 compliance deadline from Oct. 1, 2013 to Oct. 1, 2014.

CHIME to AHRQ: Quality reporting automatization a long-term goal

The College of Healthcare Information Management Executives (CHIME) issued a response to an Agency for Healthcare Research and Quality (AHRQ) request for information on health IT-enabled quality measurement published in the Federal Register on July 20.

Checklist puts pay for performance to the test

Pay for performance has captured the fancy of policymakers in the U.S., U.K. and Australia, which have integrated financial incentives or disincentives into national healthcare programs. But these efforts may be based on weak evidence, according to an analysis published online Aug. 14 in BMJ. The authors provided a checklist to guide policy makers past pitfalls while an editorial dissected the assumptions behind the pay-for-performance concept.

R.I. hospital uses CMS grant to expand medical home model for premature babies

PROVIDENCE, R.I.Women and Infants Hospital of Rhode Island hopes to expand the care it provides preterm babies and their families with a $3.2 million grant from the Centers for Medicare & Medicaid Services (CMS) healthcare innovation awards program. All four of Rhode Islands congressional lawmakers met with local providers at the hospital on Aug. 15 to hear how the money will help them deliver higher quality care at lower costs.

CMS seeks public comment on ICD-10 readiness assessment

The Centers for Medicare & Medicaid Services (CMS) is seeking public comment to inform a new version of an ICD-10 industry readiness assessment, which the agency will use to survey 1,200 healthcare stakeholders from various sectors to gauge progress made toward the transition to ICD-10, according to an Aug. 10 notice in the Federal Register.

Around the web

U.S. health systems are increasingly leveraging digital health to conduct their operations, but how health systems are using digital health in their strategies can vary widely.

When human counselors are unavailable to provide work-based wellness coaching, robots can substitute—as long as the workers are comfortable with emerging technologies and the machines aren’t overly humanlike.

A vendor that supplies EHR software to public health agencies is partnering with a health-tech startup in the cloud-communications space to equip state and local governments for managing their response to the COVID-19 crisis.

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